Consumer Prices fell 0.8% as expected driven by the drop in demand for gas, services, and the fall off in airline travel. That is down from the previous read of 0.4% and the most since the 2008 recession.
The national average price of gas is $1.847. In the last week we saw posting as low as $0.99 at various times in Wisconsin, Kentucky, Tennessee, Oklahoma and others. In Hawaii and California, the price remains above $3.00.
This jobs number should ease some recession fears, although next weeks CPI will be a key indicator as we all know. Payrolls were up 372,00 better than expected with the unemployment rate remains at 3.
It is incredible the products the CME Group keep developing to efficiently manage risk. Coming in October they will be releasing products that lenders and other institutional financial market users wi
The CME in August will be introducing a new Lumber Futures Contract that is very beneficial to hedgers. Her are the highlights... New Lumber futures and options Launching on August 8* barcharts.com Th